I propose as name for the smallest bitcoin unit: mic (micro cent)

sevenVII

full member

Activity: 120

Merit: 100

Quote from: allocater on June 13, 2011, 03:54:16 AM

The common names are:
10^-2: cent
10^-3: milli
10^-6: micro
10^-9: nano

The smallest bitcoin is 10^-8

So we do 10^-6 * 10^-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

I have to agree with the other users, this is a bit too confusing.

ASICSRUS

member

Activity: 70

Merit: 10

Expert Computer Geek

Quote from: matupoiv on July 27, 2013, 03:48:37 PM

Quote from: allocater on June 13, 2011, 03:54:16 AM

The common names are:
10^-2: cent
10^-3: milli
10^-6: micro
10^-9: nano

The smallest bitcoin is 10^-8

So we do 10^-6 * 10^-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

I second this idea! I will start using mic units around the forum to try to get it to catch on Cheesy

. Good idea.

naw man it's all full melt ASIC FEES mode now days way too much dust on the blockchain needs more zeros when we fly lol Cool

matupoiv

newbie

Activity: 17

Merit: 0

Quote from: allocater on June 13, 2011, 03:54:16 AM

The common names are:
10^-2: cent
10^-3: milli
10^-6: micro
10^-9: nano

The smallest bitcoin is 10^-8

So we do 10^-6 * 10^-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

I second this idea! I will start using mic units around the forum to try to get it to catch on Cheesy

. Good idea.

ASICSRUS

member

Activity: 70

Merit: 10

Expert Computer Geek

Quote from: ribuck on June 13, 2011, 05:36:56 AM

One millibitcoin (a "Millie") is 0.001 BTC.
One microbitcoin (a "Mike") is 0.000001 BTC.
The base unit (0.00000001 BTC) is a "Satoshi".

These names are unofficial but have some actual usage. I feel it would be confusing to call a "Mic" a micro-bitcent rather than a micro-bitcoin.

microsatoshis will be able to be implemented when Bitcoins hit 200K~USD . If BTC turns bitcoin millionares then it's a nobrainer!~lol Cool

easy!

haydent

full member

Activity: 154

Merit: 100

yeah you should'nt use cent as that is abreviation for 100, as in 100 cent in dollar no ? either way it has too much connotation with current currency

my suggestion microbit or microcoin ?

ribuck

donator

Activity: 826

Merit: 1060

One millibitcoin (a "Millie") is 0.001 BTC.
One microbitcoin (a "Mike") is 0.000001 BTC.
The base unit (0.00000001 BTC) is a "Satoshi".

These names are unofficial but have some actual usage. I feel it would be confusing to call a "Mic" a micro-bitcent rather than a micro-bitcoin.

Jere.Jones

full member

Activity: 121

Merit: 100

The name "satoshi" is already in common use as the name of the smallest bitcoin unit.

As in, "I paid 140 satoshis for my house."

Jere

Alex Beckenham

full member

Activity: 154

Merit: 100

Some people already use 'mike' to mean 1 µBTC.

allocater

newbie

Activity: 29

Merit: 0

The common names are:
10^-2: cent
10^-3: milli
10^-6: micro
10^-9: nano

The smallest bitcoin is 10^-8

So we do 10^-6 * 10^-2
= micro * cent
= mic

I currently have 0.00875801 bitcoins, so 875,801 mics!

I am almost a mic millionaire!

and 1 mic million = 1 cent (0.01000000)

Topic: I propose as name for the smallest bitcoin unit: mic (micro cent) (Read 4159 times)